"Leasing companies say a neutral chassis pool lacks incentive to invest the tens of millions of dollars each year to maintain a viable chassis equipment." Even though ocean carriers have moved the ownership of their chassis to third party service providers, many believe that they still have influence over the cost to use the equipment. This has upset draymen so much that the IMCC (American Trucking Associations' Intermodal Motor Carriers Conference) is prepared to file legal action if necessary. It will be interesting to see if both the third party providers and ocean carriers are persuaded to make any changes. Check out the full article here .
Showing posts from May, 2020
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There's no denying that the ELD regulations that went into effect a few years ago caused major panic throughout the industry. It caused a number of truckers to refuse longer haul moves and/or minimize the number of loads they would handle. On top of that, we saw a decrease in capacity with many truckers quitting and an increase in costs as many implemented a layover fee to cover those additional expenses. Since that time, many truckers have found ways to make it work but the layover fees and additional costs have stayed in effect. With COVID-19 and the hardship we have already seen as an economy and an industry, it appears that the FMCSA (Federal Motor Carrier Safety Administration) is set to implement "tweaks" to the regulations . Among these tweaks is governing how much time truck drivers may work behind the wheel or on docks each day and week. These changes will create $274 million in annual savings for the U.S. economy and the trucking industry. Check out t